Minor Savings : Teach your children to save and prepare for the future. Sarani : Encourages the right saving behavior amongst children.
Open an account at SMIB
Achieve your financial aspirations. Start your journey with SMIB
Special Benefits
- Stability and being a state-owned bank.
- Highest interest rates.
- Most flexible customer service.
- An attractive gift scheme.
- Rewards for educational achievements.
- A minor savings account holder may be eligible for loan facilities once he/she becomes a major, at an interest rate of 1% less than the prevailing rate of the product (Conditions apply).
- A special donation will be granted from the bank to the account holder if the child suffers any illnesses as listed in the product (Conditions apply).
Eligibility
- Children/ minors (below 18 years) are eligible to open an account or operate jointly with a parent/ guardian
Required Documents
- Minor Savings (on behalf of minors under 18 years of age).
- Savings Mandate.
- Know Your Customer form. (KYC form for Father / Mother or Guardian)
- A certified copy of NIC / valid Passport or Driving License of Father Mother or Guardian.
- A certified copy of the Birth Certificate.
- Address verification Document when the address is not confirmed from above.
e.g.: - A utility bill (excluding a Mobile Bill) or any other acceptable document from the bank. - Withholding Tax Declaration of Parent or guardian (if requested).
